Home > RPT-ANALYSIS-US MPG plan shoots for moon, may not cut oil demand

RPT-ANALYSIS-US MPG plan shoots for moon, may not cut oil demand

Newswire

(Repeating analysis that originally ran on Friday, July 29)
* Plan requires motor fleet mpg to average 54.5
* Obama says new rules will cut oil use by 2.2 mln bpd
* Energy analysts see it stalling demand growth
By David Sheppard
NEW YORK, July 31 (Reuters) - While U.S. President Barack Obama's plan to increase fuel economy standards is a positive step to reducing America's reliance on imported oil, the full benefits may not be felt for at least another 25 years.
Analysts called ...

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